furthermore:
http://www.zerohedge.com/news/2013-09-24/tip-box-fed-made-it-possible-many-people-leak-it
Topic: Gold collapsing. Bitcoin UP. - page 1272. (Read 2032274 times)
didnt they just prove that it was leaked when they saw big trades right when the news was released? Takes 200 msec to get to chicago from ny for news but thousands of trades were already done before news after the clock ticked when news released. The computers were programmed to make trades and to make u think that it was based on the release when it wasnt
The big trades themselves do not prove "what the trader knew, and when they knew it".
That would need to be in evidence for a criminal charge. The SEC may investigate, but unless they find evidence of a nexus of communication, it won't lead to more than that. Otherwise every successful trade is a crime.
If the trades were plausibly based on public information, and the traders assert this effectively, the SEC may not be able to prosecute. There are fed-watchers famously looking for tell-tale signs (like the look on BB's face when he walked in front of cameras into the building, or some other minor evidence or even a "hunch") things like this could show it to be in the clear. The trade is not the crime, the trade on non-public information is a crime, as would be the malfeasance of delivering non-public information to a trader.
Happened before:
http://www.bloomberg.com/news/2013-04-11/banks-on-fed-staffer-e-mail-list-get-accidental-leak-of-minutes.html
Evidence was "overwhelming". People do not make BILLION dollar decisions based on a hunch on how someone looks prior to speaking... that's not how smart money has ever worked. Whoever placed the market moving trades knew and in court would be charged unless they buy everyone out to keep them quiet or through other forceful means.
Nanex provided quantitative information on how it proves that someone must have known prior to release.
source: http://qz.com/126823/wednesdays-federal-reserve-announcement-was-leaked-says-a-financial-market-analyst/
didnt they just prove that it was leaked when they saw big trades right when the news was released? Takes 200 msec to get to chicago from ny for news but thousands of trades were already done before news after the clock ticked when news released. The computers were programmed to make trades and to make u think that it was based on the release when it wasnt
The big trades themselves do not prove "what the trader knew, and when they knew it".
That would need to be in evidence for a criminal charge. The SEC may investigate, but unless they find evidence of a nexus of communication, it won't lead to more than that. Otherwise every successful trade is a crime.
If the trades were plausibly based on public information, and the traders assert this effectively, the SEC may not be able to prosecute. There are fed-watchers famously looking for tell-tale signs (like the look on BB's face when he walked in front of cameras into the building, or some other minor evidence or even a "hunch") things like this could show it to be in the clear. The trade is not the crime, the trade on non-public information is a crime, as would be the malfeasance of delivering non-public information to a trader.
didnt they just prove that it was leaked when they saw big trades right when the news was released? Takes 200 msec to get to chicago from ny for news but thousands of trades were already done before news after the clock ticked when news released. The computers were programmed to make trades and to make u think that it was based on the release when it wasnt
You can also earn devcoins by writing on devtome so essentially earn silver via writing.. pretty cool huh
You can earn bitcoin by doing work for someone who needs something done. You can also buy silver with bitcoin so you can essentially earn silver by working.
So you earn value by working?
No kidding, who knew? Only formal way to get bitcoin without exchanging fiat. Just sayin!
You can also sell some good.
True but if u have nothing to sell just wanna write to earn u can do it or write some code.. Why not do both until you item sells you can develop and earn. Im not trolling cause you would be selling devcoin anyway.
You can also earn devcoins by writing on devtome so essentially earn silver via writing.. pretty cool huh
You can earn bitcoin by doing work for someone who needs something done. You can also buy silver with bitcoin so you can essentially earn silver by working.
So you earn value by working?
No kidding, who knew? Only formal way to get bitcoin without exchanging fiat. Just sayin!
You can also sell some good.
You can also earn devcoins by writing on devtome so essentially earn silver via writing.. pretty cool huh
You can earn bitcoin by doing work for someone who needs something done. You can also buy silver with bitcoin so you can essentially earn silver by working.
So you earn value by working?
No kidding, who knew? Only formal way to get bitcoin without exchanging fiat. Just sayin!
You can also earn devcoins by writing on devtome so essentially earn silver via writing.. pretty cool huh
You can earn bitcoin by doing work for someone who needs something done. You can also buy silver with bitcoin so you can essentially earn silver by working.
So you earn value by working?
No kidding, who knew? You can also earn devcoins by writing on devtome so essentially earn silver via writing.. pretty cool huh
You can earn bitcoin by doing work for someone who needs something done. You can also buy silver with bitcoin so you can essentially earn silver by working.
I don't know, Gold has been around for a long time.
I don't know if there is any correlations between Gold price and Bitcoins prices.
Precisely the reason why young people are reluctant to buy gold. It has been there forever. A young person with measly $10000 has no chance to make a huge profit in gold.
I don't know, Gold has been around for a long time.
I don't know if there is any correlations between Gold price and Bitcoins prices.
Precisely the reason why young people are reluctant to buy gold. It has been there forever. A young person with measly $10000 has no chance to make a huge profit in gold.
... The timestamp could be from the .gov site or any site that crawled it.
And, as I explained, it would be worthless. I don't understand your obsession with it.
Quote
And I still have seen no proof for what you are saying.
What exactly are you disagreeing with? I only made two claims:
1. There are dozens of people (Fed employees, board members) who knew the decision before it was public.
or
2. Most of those people are very well connected with Wall Street and government officials.
I was disagreeing with this assumption
> When the Fed announces a 2pm release, they don't publicly release early.
I think its entirely possible that the minutes were available on a public facing server before 2PM EST. If I was able to find half a dozen independent sources that had crawled this public facing page at 1:56 then the reasonable assumption to make would be that the minutes were released early, not that the half a dozen independent servers had their system times manipulated.
Well why didn't you say so?
Although, if I put on my tinfoil hat, you would only need to manipulate the atomic clock driven timeservers in Colorado to compromise most of NTP. However, taking the hat off, I doubt such manipulation would go unnoticed.
... The timestamp could be from the .gov site or any site that crawled it.
And, as I explained, it would be worthless. I don't understand your obsession with it.
Quote
And I still have seen no proof for what you are saying.
What exactly are you disagreeing with? I only made two claims:
1. There are dozens of people (Fed employees, board members) who knew the decision before it was public.
or
2. Most of those people are very well connected with Wall Street and government officials.
I was disagreeing with this assumption
> When the Fed announces a 2pm release, they don't publicly release early.
I think its entirely possible that the minutes were available on a public facing server before 2PM EST. If I was able to find half a dozen independent sources that had crawled this public facing page at 1:56 then the reasonable assumption to make would be that the minutes were released early, not that the half a dozen independent servers had their system times manipulated.
And, as I explained, it would be worthless. I don't understand your obsession with it.
If there were some evidence of early release, it would be valuable, as it would point to malfeasance. Though it is very unlikely to find that in the clear anywhere.
What exactly are you disagreeing with? I only made two claims:
1. There are dozens of people (Fed employees, board members) who knew the decision before it was public.
or
2. Most of those people are very well connected with Wall Street and government officials.
No problem with these as written, just that they don't lead to a meaningful conclusion in this context without a #3.
Trading something public with inside knowledge, or disclosing that knowledge to someone that trades is what brings the trouble for them.
I never made that claim. I was just saying that if #3 were to happen, a public release would not be necessary and a timestamp wouldn't show shit. I got in this whole mess because he asked what time the notes were released and I knew off the top of my head. I guess I should have just lmgtfy and walked away. I have no horse in this race, so I'm not going to run any more. Have fun guys.
And, as I explained, it would be worthless. I don't understand your obsession with it.
If there were some evidence of early release, it would be valuable, as it would point to malfeasance. Though it is very unlikely to find that in the clear anywhere.
What exactly are you disagreeing with? I only made two claims:
1. There are dozens of people (Fed employees, board members) who knew the decision before it was public.
or
2. Most of those people are very well connected with Wall Street and government officials.
No problem with these as written, just that they don't lead to a meaningful conclusion in this context without a #3.
Trading something public with inside knowledge, or disclosing that knowledge to someone that trades is what brings the trouble for them.
sure, i could say i didn't wipe my ass after taking a shit this morning but what would be the odds of that?
this un-taper one was especially suspicious given the poll on September 6 in which 13 of 18 dealers forecast a taper in purchases would be announced at Wednesday's meeting.
http://www.reuters.com/article/2010/09/30/us-usa-fed-idUSTRE68S01020100930
this un-taper one was especially suspicious given the poll on September 6 in which 13 of 18 dealers forecast a taper in purchases would be announced at Wednesday's meeting.
http://www.reuters.com/article/2010/09/30/us-usa-fed-idUSTRE68S01020100930
... The timestamp could be from the .gov site or any site that crawled it.
And, as I explained, it would be worthless. I don't understand your obsession with it.
Quote
And I still have seen no proof for what you are saying.
What exactly are you disagreeing with? I only made two claims:
1. There are dozens of people (Fed employees, board members) who knew the decision before it was public.
or
2. Most of those people are very well connected with Wall Street and government officials.
... The timestamp could be from the .gov site or any site that crawled it.
And I still have seen no proof for what you are saying.
And I still have seen no proof for what you are saying.
Yes, proving what they knew and when they knew it...and then drawing the connection between someone who knew, and a trade.
Others at the Fed knew certainly... But who traded with inside knowledge?
Without that, its "objection conjecture, your honor".
Pretty basic stuff, I was going to lmgtfy, but I'll be nice and give you a direct link:
http://www.federalreserve.gov/newsevents/default.htm
When the Fed announces a 2pm release, they don't publicly release early.
http://www.federalreserve.gov/newsevents/default.htm
When the Fed announces a 2pm release, they don't publicly release early.
I assume this to be true, yet I still have not found actual data to support it. A time stamp would be great.
A timestamp is worthless. It only records the system time, which can be off by several minutes either intentionally or unintentionally. I don't think you need to be looking for an early public release when there were dozens of people who knew early that are highly connected to both Washington and Wall Street.
... The timestamp could be from the .gov site or any site that crawled it.
And I still have seen no proof for what you are saying.
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